22 Russell Place, Melbourne, VIC 3000 | Property Value & History | OnTheHouse
 
OFF MARKET

22 Russell Place
Melbourne VIC 3000

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 53m2
Land area: 766m2
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Property Details for 22 Russell Pl, Melbourne

Building Type
Commercial
Year Built
2010
Floor Size
53m2
Land Size
766m2
Local Government
Melbourne
Lot/Plan
G5/PS624001

Last Listing description (April 2020)

Colliers International is pleased to present the opportunity to purchase 22 Russell Place, Melbourne with the following key attributes:

- Boutique retail opportunity in the distinguished and tightly held Retail Core, a 24-hour trade zone


- Nestled in one of Melbournes signature laneways, Russell Place

- Flexible ground floor tenancy spanning 53m* suitable for a variety of uses

- High quality fitout with high ceilings and floor to ceiling glazed shopfront allowing ample natural light

- Offered with vacant possession providing flexibility for owner occupancy or investment

- Immediately neighbouring fashion retailers Corlection, 124 Shoes and Pieces of Eight which are complimented by bars and eateries including Gin Palace, Neapoli, Bar Ampere and Sarti Restaurant

- Set to benefit from QICs $1.5 billion development at 80 Collins Street, delivering 105,000m* of premium office, hotel and retail space

- Excellent access to public transport with the Bourke Street Superstop metres from the doorstep and immediate proximity to Melbourne Central and Parliament Train Stations

- Suited to owner-occupiers and investors poised to capitalise on the established Melbourne CBD Retail Core

*Approximate.

By International Expressions of Interest closing Friday 16th August at 12pm

To arrange an inspection or for more information, please contact Colliers International Melbourne City Sales team as the exclusive selling agents.

Oliver Hay +61 419 528 540

Chris Ling +61 419 294 346

Anthony Kirwan +61 431 952 430

This property is proudly marketed by the Melbourne City Sales team (MCS).

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Property History for 22 Russell Pl, Melbourne, VIC 3000

A timeline of how this property has performed in the market
Last Sold
$1,870,000
21 Aug 2019
Listed for Rent
22 Apr 2019
  • 21 Aug 2019
    Sold for $1,870,000
  • 12 Jul 2019
    Listed for Sale Please contact agent
  • 11 Sep 2018
    Listed for Rent - Price not available
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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.

Melbourne has 64,268 properties. Over the last 5 years, Houses in Melbourne have seen a -6.38% decrease in median value, while Units have seen a -4.97% decrease. As at 31 March 2026:

  • The median value for Houses in Melbourne is $1,346,319 while the median value for Units is $439,159.
  • Houses have a median rent of $700 while Units have a median rent of $672.
There are currently 269 properties listed for sale, and 168 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2717 properties were sold in the past 12 months in Melbourne.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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